The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
3M Co COM 88579Y101 3,485 17,716 SH   SOLE   0 0 17,716
Aetna Inc COM 00817Y108 2,131 11,611 SH   SOLE   0 0 11,611
Alexandria Real COM 015271109 233 1,850 SH   DFND   1,850 0 0
Allegiance Bancshares Inc COM 01748H107 231 5,334 SH   SOLE   0 0 5,334
Allstate Corp COM 020002101 2,096 22,969 SH   SOLE   0 0 22,969
American Tower-A ADR 03027X100 360 2,500 SH   DFND   2,500 0 0
Amgen Inc COM 031162100 3,395 18,390 SH   SOLE   0 0 18,390
Annaly Capital Management COM 035710409 139 13,500 SH   DFND   13,500 0 0
Apple Inc COM 037833100 487 2,631 SH   SOLE   0 0 2,631
Artesian Resource Corp COM 043113208 3,279 84,573 SH   SOLE   0 0 84,573
Astrazeneca-Adr ADR 046353108 281 8,000 SH   DFND   8,000 0 0
Avalonbay Commun COM 053484101 223 1,300 SH   DFND   1,300 0 0
Banco Santan-Adr ADR 05964H105 107 20,000 SH   DFND   20,000 0 0
Bank Of America Corporation COM 060505104 507 17,988 SH   SOLE   0 0 17,988
Blackrock Intern L Grth & Inc Common COM 092524107 2,894 504,152 SH   SOLE   0 0 504,152
Blackrock Muniyield Qty Iii COM 09254E103 1,044 82,891 SH   SOLE   0 0 82,891
Blue Capital Reisurance COM G1190F107 155 14,000 SH   DFND   14,000 0 0
Bp Plc-Adr COM 055622104 585 12,815 SH   DFND   12,815 0 0
Briggs & Strattn COM 109043109 176 10,000 SH   DFND   10,000 0 0
Cemex Sab-Sp Adr ADR 151290889 189 28,775 SH   DFND   28,775 0 0
Chase Corp COM 16150R104 6,342 54,090 SH   SOLE   0 0 54,090
Chevron Corp COM 166764100 316 2,500 SH   DFND   2,500 0 0
Cimarex Energy Co ADR 171798101 3,246 31,909 SH   SOLE   0 0 31,909
Coca-Cola Co COM 191216100 344 7,838 SH   SOLE   0 0 7,838
Compania Cervecerias -Adr ADR 204429104 359 14,401 SH   DFND   14,401 0 0
Consumer Discret Sel Sect Spdr Etf COM 81369Y407 4,517 41,328 SH   SOLE   0 0 41,328
Consumer Staples Select Sector Spdr Etf COM 81369Y308 3,223 62,544 SH   SOLE   0 0 62,544
Covanta Holding Corp COM 22282E102 2,605 157,901 SH   SOLE   0 0 157,901
Crown Castle Int COM 22822V101 216 2,000 SH   DFND   2,000 0 0
Csx Corp COM 126408103 4,318 67,699 SH   SOLE   0 0 67,699
Cvs Health Corp COM 126650100 929 14,443 SH   SOLE   0 0 14,443
Dentsply Sirona Inc COM 24906P109 219 5,000 SH   DFND   5,000 0 0
Diageo Plc-Adr ADR 25243Q205 403 2,800 SH   DFND   2,800 0 0
Digital Realty COM 253868103 239 2,141 SH   DFND   2,141 0 0
Energy Select Sector Spdr Etf COM 81369Y506 2,971 39,119 SH   SOLE   0 0 39,119
Enterprise Products Partners Lp COM 293792107 2,008 72,572 SH   SOLE   0 0 72,572
Equinix Inc COM 29444U700 315 732 SH   DFND   732 0 0
Essex Property COM 297178105 215 900 SH   DFND   900 0 0
Ev Municipal Bond COM 27827X101 373 31,560 SH   SOLE   0 0 31,560
Everest Re Group Ltd COM G3223R108 2,855 12,389 SH   SOLE   0 0 12,389
Extra Space Stor COM 30225T102 250 2,500 SH   DFND   2,500 0 0
Exxon Mobil Corporation COM 30231G102 2,290 27,683 SH   SOLE   0 0 27,683
Glaxosmithkl-Adr ADR 37733W105 262 6,500 SH   DFND   6,500 0 0
Gold Fields Ltd-Spons Adr ADR 38059T106 36 10,000 SH   DFND   10,000 0 0
Goldman Sachs Activebeta Intl Eq Etf COM 381430107 6,359 216,427 SH   SOLE   0 0 216,427
Goldman Sachs Activebeta Us Lgcp Eq Etf COM 381430503 1,493 27,272 SH   SOLE   0 0 27,272
Group 1 Automoti COM 398905109 252 4,000 SH   DFND   4,000 0 0
Grupo Aeroportuario - Adr ADR 40051E202 207 1,300 SH   DFND   1,300 0 0
Grupo Televisa - Adr ADR 40049J206 284 15,000 SH   DFND   15,000 0 0
Halliburton Co COM 406216101 270 6,000 SH   DFND   6,000 0 0
Hdfc Bank Ltd - Adr ADR 40415F101 420 4,000 SH   DFND   4,000 0 0
Ing Groep-Adr ADR 456837103 143 10,000 SH   DFND   10,000 0 0
Ingles Markets Inc COM 457030104 2,785 87,588 SH   SOLE   0 0 87,588
Inseego Corp COM 45782B104 24 12,000 SH   SOLE   0 0 12,000
Intercontinental Hotels COM 45857P707 271 4,319 SH   DFND   4,319 0 0
Invesco China Real Estate COM 46138E602 240 8,500 SH   DFND   8,500 0 0
Invesco Muni Opps. Trust Common COM 46132C107 977 83,200 SH   SOLE   0 0 83,200
Invesco S&P 500 Eq Weight Hc Etf COM 46137V332 3,905 21,373 SH   SOLE   0 0 21,373
Invesco S&P 500 Equal Weight Etf COM 46137V357 3,287 32,256 SH   SOLE   0 0 32,256
Invesco S&P Global Water Index Etf COM 46138E263 1,842 55,009 SH   SOLE   0 0 55,009
Iron Mountain Inc. COM 46284V101 252 7,200 SH   DFND   7,200 0 0
Ishares 0-5 Year High Yield Corp Bd COM 46434V407 2,575 55,242 SH   SOLE   0 0 55,242
Ishares Cali Amt-Free Muni Bond COM 464288356 555 9,476 SH   SOLE   0 0 9,476
Ishares Cohen & Steers Reit COM 464287564 2,514 25,166 SH   SOLE   0 0 25,166
Ishares Core S&P Mid-Cap COM 464287507 4,171 21,413 SH   SOLE   0 0 21,413
Ishares Core Us Aggregate Bond COM 464287226 920 8,652 SH   SOLE   0 0 8,652
Ishares Floating Rate Bond COM 46429B655 5,969 117,035 SH   SOLE   0 0 117,035
Ishares Global Healthcare COM 464287325 3,322 58,857 SH   SOLE   0 0 58,857
Ishares Iboxx $ Invst Grade Crp Bond COM 464287242 1,102 9,617 SH   SOLE   0 0 9,617
Ishares Mbs COM 464288588 843 8,091 SH   SOLE   0 0 8,091
Ishares Msci Eafe COM 464287465 1,045 15,600 SH   SOLE   0 0 15,600
Ishares Msci Eafe Small-Cap COM 464288273 4,166 66,399 SH   SOLE   0 0 66,399
Ishares Msci Emu COM 464286608 3,416 83,288 SH   SOLE   0 0 83,288
Ishares Msci Japan COM 46434G822 1,467 25,330 SH   SOLE   0 0 25,330
Ishares National Amt-Free Muni Bond COM 464288414 1,389 12,739 SH   SOLE   0 0 12,739
Ishares Russell 1000 COM 464287622 2,402 15,806 SH   SOLE   0 0 15,806
Ishares Russell 2000 COM 464287655 970 5,920 SH   SOLE   0 0 5,920
Ishares Russell Mid-Cap COM 464287499 1,738 8,195 SH   SOLE   0 0 8,195
Ishares Select Dividend COM 464287168 3,434 35,130 SH   SOLE   0 0 35,130
Ishares Short-Term National Muni Bond COM 464288158 639 6,080 SH   SOLE   0 0 6,080
James Hardie Ind Plc Adr ADR 47030M106 423 25,000 SH   DFND   25,000 0 0
Jh Financial Opportunities Common COM 409735206 3,715 99,847 SH   SOLE   0 0 99,847
Jhancock Multifactor Large Cap Etf COM 47804J107 767 21,770 SH   SOLE   0 0 21,770
Johnson & Johnson COM 478160104 2,375 19,570 SH   SOLE   0 0 19,570
Kvh Industries COM 482738101 402 30,000 SH   DFND   30,000 0 0
Lennox Intl Inc COM 526107107 340 1,700 SH   DFND   1,700 0 0
Lifepoint Hospit COM 53219L109 244 5,000 SH   DFND   5,000 0 0
Lowe S Companies Inc COM 548661107 2,081 21,779 SH   SOLE   0 0 21,779
Lowe'S Cos Inc COM 548661107 248 2,600 SH   DFND   2,600 0 0
Maiden Holdings Ltd COM G5753U112 155 20,000 SH   DFND   20,000 0 0
Metlife Inc COM 59156R108 1,510 34,644 SH   SOLE   0 0 34,644
Miller Ind Inc/Tenn COM 600551204 460 18,000 SH   DFND   18,000 0 0
Mohawk Inds COM 608190104 204 950 SH   DFND   950 0 0
National Western Life Insurance COM 638517102 3,369 10,963 SH   SOLE   0 0 10,963
Netapp Inc COM 64110D104 707 9,000 SH   DFND   9,000 0 0
Nice Systems-Adr ADR 653656108 571 5,500 SH   DFND   5,500 0 0
Norfolk Southern COM 655844108 528 3,500 SH   DFND   3,500 0 0
Novartis Ag COM 66987V109 1,804 23,884 SH   SOLE   0 0 23,884
Nuveen Intermediate Duration Muni Term COM 670671106 1,457 117,132 SH   SOLE   0 0 117,132
Old Republic International Corp COM 680223104 1,339 67,252 SH   SOLE   0 0 67,252
Pearson Plc COM 705015105 232 20,000 SH   DFND   20,000 0 0
Phillips 66 Com COM 718546104 1,811 16,121 SH   SOLE   0 0 16,121
Pimco Enhanced Short Maturity Etf COM 72201R833 6,114 60,207 SH   SOLE   0 0 60,207
Powershrs Bulletshares 2018 Corp Etf COM 46138J106 701 33,142 SH   SOLE   0 0 33,142
Powershrs Bulletshares 2018 Hy Corp Etf COM 46138J205 4,979 198,384 SH   SOLE   0 0 198,384
Powershrs Bulletshares 2019 Corp Etf COM 46138J304 4,387 208,975 SH   SOLE   0 0 208,975
Powershrs Bulletshares 2019 Hy Corp Etf COM 46138J403 256 10,575 SH   SOLE   0 0 10,575
Powershrs Bulletshares 2020 Corp Etf COM 46138J502 4,981 236,512 SH   SOLE   0 0 236,512
Powershrs Bulletshares 2021 Corp Etf COM 46138J700 4,082 196,682 SH   SOLE   0 0 196,682
Powershrs Bulletshares 2022 Corp Etf COM 46138J882 1,422 68,853 SH   SOLE   0 0 68,853
Powershrs Bulletshares 2022 Hy Corp Etf COM 46138J874 3,502 143,101 SH   SOLE   0 0 143,101
Procter & Gamble COM 742718109 273 3,500 SH   DFND   3,500 0 0
Qualcomm Inc COM 747525103 284 5,063 SH   SOLE   0 0 5,063
Regions Financial Corp COM 7591EP100 320 18,000 SH   DFND   18,000 0 0
Rgc Resources COM 74955L103 1,000 34,269 SH   SOLE   0 0 34,269
Royce Micro Cap Trust Common COM 780915104 3,345 334,877 SH   SOLE   0 0 334,877
Royce Value Trust Common COM 780910105 171 10,813 SH   SOLE   0 0 10,813
Ryman Hospitality Prop COM 78377T107 251 3,024 SH   DFND   3,024 0 0
Sba Communications Corp COM 78410G104 330 2,000 SH   DFND   2,000 0 0
Schwab Emerging Markets Equity Etf COM 808524706 268 10,334 SH   SOLE   0 0 10,334
Schwab Fundamental Us Large Company Etf COM 808524771 1,447 38,764 SH   SOLE   0 0 38,764
Schwab International Equity Etf COM 808524805 1,155 34,944 SH   SOLE   0 0 34,944
Schwab Us Aggregate Bond Etf COM 808524839 2,552 50,386 SH   SOLE   0 0 50,386
Schwab Us Mid-Cap Etf COM 808524508 1,346 24,515 SH   SOLE   0 0 24,515
Schwab Us Small-Cap Etf COM 808524607 1,336 18,155 SH   SOLE   0 0 18,155
Skyworks Solutio COM 83088M102 387 4,000 SH   DFND   4,000 0 0
Sl Green Realty COM 78440X101 273 2,720 SH   DFND   2,720 0 0
Sony Corp Adr ADR 835699307 256 5,000 SH   DFND   5,000 0 0
Sony Corp Adr ADR 835699307 77 1,500 SH   DFND   1,500 0 0
Spdr Blmbg Barclays St Corp Bd Etf COM 78464A474 5,459 181,009 SH   SOLE   0 0 181,009
Spdr S&P Midcap 400 Etf COM 78467Y107 490 1,380 SH   SOLE   0 0 1,380
Store Capital COM 862121100 208 7,600 SH   DFND   7,600 0 0
Stryker Corporation COM 863667101 2,809 16,633 SH   SOLE   0 0 16,633
Teva Pharm-Adr ADR 881624209 389 16,000 SH   DFND   16,000 0 0
Texas Instruments Inc COM 882508104 276 2,500 SH   SOLE   0 0 2,500
Thermo Fisher COM 883556102 414 2,000 SH   DFND   2,000 0 0
Twenty-First Century Fox Inc COM 90130A101 586 11,788 SH   SOLE   0 0 11,788
Tyson Foods Inc COM 902494103 1,468 21,321 SH   SOLE   0 0 21,321
Udr Inc COM 902653104 374 9,951 SH   SOLE   0 0 9,951
Unilever Nv-Nys COM 904784709 501 9,000 SH   DFND   9,000 0 0
United Therapeut COM 91307C102 311 2,750 SH   DFND   2,750 0 0
Valmont Industries Inc COM 920253101 3,551 23,558 SH   SOLE   0 0 23,558
Vaneck Vectors Africa Index COM 92189F866 243 10,340 SH   DFND   10,340 0 0
Vanguard Energy Etf COM 92204A306 224 2,130 SH   SOLE   0 0 2,130
Vanguard Ftse Developed Markets Etf COM 921943858 7,105 165,618 SH   SOLE   0 0 165,618
Vanguard Ftse Emerging Markets Etf COM 922042858 707 16,746 SH   SOLE   0 0 16,746
Vanguard High Dividend Yield Etf COM 921946406 634 7,631 SH   SOLE   0 0 7,631
Vanguard Information Technology Etf COM 92204A702 7,944 43,790 SH   SOLE   0 0 43,790
Vanguard S&P 500 Etf COM 922908363 327 1,310 SH   SOLE   0 0 1,310
Vanguard Short-Term Corporate Bond Etf COM 92206C409 223 2,860 SH   SOLE   0 0 2,860
Visa Inc Class A COM 92826C839 257 1,939 SH   SOLE   0 0 1,939
Voya Asia Pacific High Dividend Eq Inc COM 92912J102 1,533 153,344 SH   SOLE   0 0 153,344
Voya Financial Inc COM 929089100 2,358 50,175 SH   SOLE   0 0 50,175
Vulcan Materials COM 929160109 232 1,800 SH   DFND   1,800 0 0
Wells Fargo & Co COM 949746101 231 4,161 SH   DFND   4,161 0 0
Western Asset Glb Corp Def Opp Common COM 95790C107 4,389 262,059 SH   SOLE   0 0 262,059
Western Asset High Income Opp COM 95766K109 4,518 937,369 SH   SOLE   0 0 937,369
Wgl Holdings Inc COM 92924F106 4,210 47,435 SH   SOLE   0 0 47,435
Williams Companies Inc COM 969457100 1,331 49,110 SH   SOLE   0 0 49,110
Wp Carey Inc COM 92936U109 297 4,470 SH   DFND   4,470 0 0
Wpx Energy Inc COM 98212B103 414 22,944 SH   SOLE   0 0 22,944